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 Processing of Postdated Checks

 

Contract Accounts Receivable and Payable provides functions for managing postdated incoming checks.

Postdated checks are sent to you by your business partners to pay their receivables. They contain an issue date and a check date.

Technical Details

Technical Name of Product Feature

ISPSCA_NEWPM_POSTDATEDCHECKS

Product Feature Is

New

Country Dependency

Valid for some countries

Software Component Version

IS-PS-CA 617

Application Component

IS-PS-CA (Public Sector Contract Accounts Receivable and Payable)

Available As Of

SAP enhancement package 7 (SP08) for SAP ERP 6.0

Required Business Functions

PSCD_CA_LOC_1

Effects on Customizing Settings

Specify for each company code in Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Organizational Units Next navigation step Set Up Company Codes for Contract Accounts Receivable and Payable End of the navigation path whether postdated checks can be used.

Enter document types and other specifications for posting check deposits, transferring checks, and check encashment in Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Business Transactions Next navigation step Payments Next navigation step Processing Incoming and Outgoing Payments Next navigation step Postdated Checks Next navigation step Make General Settings End of the navigation path.

For each company code, house bank, and house bank account, enter the bank clearing account for postdated checks in Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Business Transactions Next navigation step Payments Next navigation step Processing Incoming and Outgoing Payments Next navigation step Postdated Checks Next navigation step Enter Bank Clearing Account for Encashment of Incoming Checks End of the navigation path.

In Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Business Transactions Next navigation step Payments Next navigation step Processing Incoming and Outgoing Payments Next navigation step Define Bank Clearing Accounts for Payment Lots End of the navigation path, specify the bank clearing accounts intended for the receipt of postdated checks, and set the Valid for Postdated Check Lot indicator.

In Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Business Transactions Next navigation step Payments Next navigation step Processing Incoming and Outgoing Payments Next navigation step Define Screen Variants for Payment Lot End of the navigation path, define a screen variant that contains the fields for postdated checks, that is, the check number (field name CHCKN) and the date of the check (field name ISDAT). When you enter the name of this screen variant, you can store it in the user parameters (SPA/GPA parameters) under parameter ID 825PDCTC.

Define clearing type 6A in Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Basic Functions Next navigation step Open Item Management Next navigation step Clearing Control Next navigation step Define Clearing Types End of the navigation path. Use clearing type 25 or 05 as a template.

Under Start of the navigation path Clearing Control Next navigation step Define Specifications for Clearing Types Next navigation step Define Defaults for Incoming Payments End of the navigation path, also make similar settings for clearing type 6A.

For transferring postdated checks (for instance to other departments such as Accounts Payable), define short account assignments with specifications for the accounts to be posted in Customizing for Contract Accounts Receivable and Payable under Start of the navigation path Business Transactions Next navigation step Payments Next navigation step Processing Incoming and Outgoing Payments Next navigation step Define Short Account Assignments for Transfer Postings End of the navigation path. If you wish, enter the e-mail addresses of clerks who are to receive notifications.